The Innovation Prize for Africa (IPA) is calling on innovators and entrepreneurs on the continent to participate in the IPA 2016 competition, tagged ‘Made-in-Africa.’
The competition with 2016 to be its fifth edition is an initiative of the African Innovation Foundation whose mission is to catalyse the innovation spirit in Africa by mobilising investment in African-led solutions to ensure a sustainable, prosperous Africa.
The competition is on the lookout for ground breakers on the continent with African-oriented innovations and the capability of positive change.
“IPA 2016 marks bold new steps towards mobilizing all innovation enablers to join hands and ensure that African innovations make it to the markets.” – Pauline Mujawamariya, IPA Director
AIF over the past years have engaged over 3000 movers and shakers of the innovation space across the continent while supporting more than 35 star innovators in 49 countries, having committed the sum of $820,000 in investment.
For 2016, the grand prize of $150,000 is to be shared among the most impressive innovations who must have successfully convinced the judges of their unique and cutting-edge solutions that can transform into a sustainable and commercial success with positive social impact.
While the top prize of $100,000 goes for the most cutting-edge solution, innovation with the best positive social impact gets $25,000 and the innovation that can transform into a sustainable and commercial success also gets $25,000.
Every nominee would receive a voucher of $5000 to allow them further develop their innovations. For AIF, it’s all about Made-in-Africa. And 10 young Africans and 10 women with innovations targeted at pressing challenges in Africa, will benefit from AIF post-prize opportunities.
Does your solution have what it takes to take on other African innovations for $150,000 prize? Check out the application criteria and procedure now. Application deadline is October 31, 2015.